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UK - Matrix backs Pasta King

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Matrix Private Equity Partners has financed the MBO of Pasta King alongside management and HSBC (Exeter) which provided senior debt and a invoice discounting facility.

Pasta King provides a healthy, pasta-based quick service meal alternative to businesses and to the education sector. Customers include Compass, IKEA, Sodexho and numerous Universities including Edinburgh, Aberdeen and Exeter.

The business is based in Newton Abbot, Devon and employs 40 people. Annual turnover is £6m.

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